Best brokers for MetaTrader

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MetaTrader 4 – or MT4 as it’s sometimes called – is one of the well-known apps used by forex traders. The reason for this is not farfetched and we’ll examine some of them before going in-depth into the review. 

The app is equipped with top-of-the-line features together with exceptional back-testing capabilities. Thank to this, several forex brokers now integrate seamlessly with MT4, allowing them to either open or close positions directly through the app.

In this guide, we’ll some of the best MetaTrader brokers available to forex traders. We review their features, fees, and their selection of assets. 

Review of the Best MetaTrader Brokers 

The stock investment process has several similarities with currency trading because brokers have to choose their preferred broker and open an investment account. Just as we stated earlier, a large number of brokers offer MT4 on Windows, iOS, and Android platforms. This has helped streamline the trading process for all investors – beginners and experts alike.

Without further ado, here are the best brokers for MetaTrader with a focus on their trading tools, asset selection, fees and more…

Axi 

One stand-out feature is that traders can opt for the demo account which allows them sample the Axi’s MT4 platform before going live. The best part is that it’s valid for a month and offers a $50,000 practice trading. 

In addition, prospective brokers can access stocks, indices, forex, commodity markets and precious metals. This demo account allows traders test several advanced tools they can integrate into their trading strategies.

That’s not all, Axi’s MT4 app is compatible with several devices like iOS, PCs, Android and the MT4 web trader. The platform also offers live pricing and the ability to see market data and live charting options. Also, brokers get timely news updates so they can keep up with the latest industry trends.

Another unique feature of Axi is its in-depth MetaTrader video tutorials. These tutorials are free to use and they cover vital topics like how to install the MT4 app, types of orders and managing open trades. Also, brokers that use Axi’s MT4 can link it to the CopyTrading app which allows them to copy the trading strategies of professional brokers.

A distinctive feature of the Axi app is that it seamlessly connects to CopyTrading app and it offers extremely fast execution with access to various markets. The $50,000 demo account trading is another feature that will surely attract a lot of prospective investors. 

In conclusion, Axi is a suitable choice for traders who prefer using MetaTrader platforms, offering compatibility with both MetaTrader 4 and MetaTrader 5. The broker’s multiple regulations, competitive spreads, low fees, fast execution speeds, advanced trading tools, and no minimum deposit requirement make it an attractive option. However, it is essential to consider the limited range of tradable assets and the absence of a proprietary trading platform when making a decision. Overall, Axi is a reliable and secure option for traders focusing on forex and seeking the familiarity and power of MetaTrader platforms.

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Vantage 

To give investors more reach, the Vantage trading platform is available on MT4 trader which makes investors trade FX pairs faster than normal. 

With Vantage, investors have access to several customization and charting options which gives them more advantages in the global markets. Vantage is available across several platforms like desktop, web and mobile apps – which are also accessible on both Android and iOS. 

For traders that don’t have the time to open manual trades, MetaTrader offers Expert Advisors – an automatic forex trading robot to take care of their needs. 

Vantage leverages MetaTrader to securely and accurately execute trades with 99.99 percent uptime thanks to their hi-tech optic network that connects with global servers of the platform.

MetaTrader on Vantage allows brokers to leverage the best strategies to open forex trades in addition to 0ffering more than 3,200 trading signals. 

In conclusion, Vantage is a strong choice for traders who prefer using MetaTrader platforms, as it supports both MetaTrader 4 and MetaTrader 5. With multiple regulations, competitive spreads, low fees, fast execution speeds, a diverse range of tradable assets, extensive educational resources, and multi-lingual customer support, Vantage caters to the needs of traders across various levels of experience. However, it is important to consider the limited proprietary trading tools and potential inactivity fees when making a decision. Overall, Vantage is a reliable and secure option for traders who value the familiarity and functionality of MetaTrader platforms while seeking a diverse range of investment opportunities.

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Pepperstone 

Also, investors looking for cost-effective options can use the ‘Standard’ account. This account includes all fees in the spread as a commission is charged on each position.

That’s not all, investors get to trade more than 60 forex pairs with this broker and as expected, they can download MT4 through Pepperstone’s website. In addition, this MT4 broker offers 28 forex indicators together with various Expert Advisors (also known as EAs).

All in all, these features and more makes stand out among several trading platforms out there and it’s also considered one of the best in the industry. 

Lastly, the platform is duly regulated by top bodies such as the Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), and The Federal Financial Supervisory Authority (BaFin). This makes Pepperstone a highly reputable broker with the required trust to handle customer funds and transactions. 

In conclusion, Pepperstone is an appealing choice for traders who prefer using MetaTrader platforms, as it supports both MetaTrader 4 and MetaTrader 5. With multiple regulations, competitive spreads, low fees, fast execution speeds, a diverse range of tradable assets, extensive educational resources, and multi-lingual customer support, Pepperstone caters to the needs of traders across various levels of experience. However, it is important to consider the limited proprietary trading tools and potential inactivity fees when making a decision. Overall, Pepperstone is a reliable and secure option for traders who value the familiarity and functionality of MetaTrader platforms while seeking a diverse range of investment opportunities.

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AvaTrade 

To show how far they’ve come, AvaTrade has been operating for more than 15 years. For a platform this large, they are also regulated by some of the industry’s leading regulators one of which is the Central Bank of Ireland.

Just like several MT4 brokers that specialize in CFDs, AvaTrade charges zero commissions and includes its trading fees in the bid/ask spread. As luck would have it, the EUR/USD spreads are as low as 0.9 pips. It also comes with features for up to 30:1 in leverage. 

Also, adding funds to your account is straightforward on Avatrade. They charge no deposit fees and their platform supports bank transfers, debit and credit cards together with various e-wallets.

AvaTrade also goes the extra mile to offer its users free MT4 downloads. Unfortunately, the platform doesn’t support MetaTrader for Mac alienating them from the platform. 

Once a user is able to download MT4, they can start trading immediately. However, they have to remember that the platform requires a minimum deposit of 100 USD. Lastly, AvaTrade also offers MT5 trading apps which is a great way to attract users that want to trade asset classes on the platform.

In conclusion, AvaTrade is a solid choice for traders who prefer using MetaTrader platforms, as it supports both MetaTrader 4 and MetaTrader 5. With multiple regulations, competitive spreads, low fees, fast execution speeds, a diverse range of tradable assets, extensive educational resources, and multi-lingual customer support, AvaTrade caters to the needs of traders across various levels of experience. However, it is important to consider the limited proprietary trading tools and potential inactivity fees when making a decision. Overall, AvaTrade is a reliable and secure option for traders who value the familiarity and functionality of MetaTrader platforms while seeking a diverse range of investment opportunities.

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Skilling

For this reason, several investors consider this broker among the best trading platforms. With more than 70 forex pairs, all kinds of investors can trade with their ‘Premium’ account. Even though this account type offers low spreads, users have to remember that they charge a commission on every trade.

On the other hand, users can go for the ‘Standard’ account. This account offers EUR/USD spreads of 1.2 pips on average. In addition, the platform offers full MT4 integration and users can use its ‘Expert Advisors’ feature to automate their trades. Lastly, extremely fast execution speeds – an average of 0.05s/position – is something users can always rely on. 

In conclusion, Skilling is a compelling choice for traders who prefer using MetaTrader platforms, as it supports both MetaTrader 4 and MetaTrader 5. With multiple regulations, competitive spreads, low fees, fast execution speeds, a diverse range of tradable assets, extensive educational resources, and multi-lingual customer support, Skilling caters to the needs of traders across various levels of experience. However, it is important to consider the limited proprietary trading tools and potential inactivity fees when making a decision. Overall, Skilling is a reliable and secure option for traders who value the familiarity and functionality of MetaTrader platforms while seeking a diverse range of investment opportunities.

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Forex.com 

Forex.com has a pristine reputation in the forex industry thanks to its immaculate service offerings. They offer more than 90 pairs for users to trade together with a variety of account types for users to choose from. Keep in mind that the ‘STP Pro’ account gives investors access to deep liquidity. This means that spreads for highly-traded pairs are as low as 0.1 pip.

That’s not all. Forex.com has been recognized with awards in the financial community, the details of which are published on its website.

They offer a committed ‘swap-free’ account for users that prefer this offering. Just like the other MT4 brokers covered on this list, Forex.com seamlessly integrates with MT4. In addition, it comes with a Reuters newsfeed and several research resources. 

In conclusion, Forex.com is an attractive choice for traders who prefer using MetaTrader platforms, as it supports both MetaTrader 4 and MetaTrader 5. With multiple regulations, competitive spreads, low fees, fast execution speeds, a diverse range of tradable assets, extensive educational resources, and multi-lingual customer support, Forex.com caters to the needs of traders across various levels of experience. However, it is important to consider the limited proprietary trading tools and potential inactivity fees when making a decision. Overall, Forex.com is a reliable and secure option for traders who value the familiarity and functionality of MetaTrader platforms while seeking a diverse range of investment opportunities.

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Does MT4 take a commission?

The platform developer of MT4 doesn’t charge users any commission. However, brokers often charge spread fees and commissions on the platform. This depends entirely on the type of account the user opens and it also varies by each broker.

Forex brokers may sometimes offer both MT4 and MT5 platforms free of charge. On the other hand, they may charge trading fees (irrespective of the platform the user chooses). Most importantly, it all depends on the broker to charge a spread, commission, or a mix of both. 

Does MT4 have the copy trading feature?

As luck would have it, MT4 fully supports copy trading. Currently, the platform has a large number of trade copying brokers that integrates MT4.

In addition, MetaTrader offers a dedicated website for copy trading with more than 1000 signal providers. Users can rank them by their performance history and they can also learn about each provider.

Also, MT4 has its own website where brokers and 3^rd party specialists can offer copy trading together with providing signals.

Conclusion

There are several brokers out there. However, we have been able to streamline them using a set of fixed criteria to help potential investors make a choice. By highlighting their fee structure, asset selection, and features users can easily select the right platform that meets their needs which would allow them to start trading with MetaTrader as soon as possible.